3M Leadership Announcement

ST. PAUL, Minn.–(BUSINESS WIRE)–3M announced today that its Board of Directors will nominate CEO Mike
Roman to serve as chairman of the board following the company’s annual
meeting of shareholders on May 14, 2019. Inge Thulin, 3M’s current
executive chairman, has announced his intention not to stand for
reelection and to retire on June 1, 2019.

“Under Inge’s leadership, 3M evolved into a more agile and competitive
enterprise while generating tremendous value for customers and
shareholders,” said Mike Eskew, independent lead director for the 3M
Board. “Today’s decision underscores the Board’s confidence in Mike’s
leadership and strong character to lead 3M into the future as both CEO
and chairman of the board.”

“I am proud of 3M, our people, and what we’ve accomplished together,”
said Thulin. “I’ve known and worked very closely with Mike, including
since his appointment as CEO. I’m very confident that 3M’s best days are
ahead and Mike will do a fantastic job leading 3M into the future.”

“It’s an honor to be nominated to the additional role of chairman of the
board,” said Roman. “I thank Inge for his leadership and partnership
throughout my career, especially over the past year in his role as
executive chairman.”

At its annual meeting in May, the 3M Board of Directors will consist of
12 members, 11 of whom will be independent directors. The Board’s
corporate governance measures, including a lead independent director
with broad authority, ensure that strong, independent directors will
continue to effectively oversee company management, and the key issues
related to strategy, risk, and integrity.

About 3MAt 3M, we apply science in collaborative ways to
improve lives daily. With $33 billion in sales, our 93,000 employees
connect with customers all around the world. Learn more about 3M’s
creative solutions to the world’s problems at www.3M.com or
on Twitter @3M or @3MNews.